In a report released today, Ryan MacWilliams from Barclays maintained a Buy rating on Atlassian (TEAM – Research Report), with a price target of $275.00. The company’s shares closed yesterday at $198.41.
MacWilliams covers the Technology sector, focusing on stocks such as Atlassian, Similarweb, and Five9. According to TipRanks, MacWilliams has an average return of 14.8% and a 59.06% success rate on recommended stocks.
In addition to Barclays, Atlassian also received a Buy from Bernstein’s Peter Weed in a report issued today. However, on the same day, JMP Securities maintained a Hold rating on Atlassian (NASDAQ: TEAM).
The company has a one-year high of $258.69 and a one-year low of $128.02. Currently, Atlassian has an average volume of 1.78M.
Based on the recent corporate insider activity of 572 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TEAM in relation to earlier this year.
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Atlassian (TEAM) Company Description:
Founded in 2002, Atlassian Corporation Plc is an Australian software company that develops products for software developers and project managers. Its products include JIRA, Confluence, Trello, Bitbucket, Jira Service Deak, Jira Align, Atlassian Access, Crowd, Crucible, Fisheye, Jira Portfolio, Sourcetree, Bamboo, Opsgenie, and Statuspage.
Read More on TEAM:
- Atlassian Co-Founder Transitions to Advisory Role
- Atlassian Stock (NASDAQ:TEAM): Analysts Expect Lots of Upside; They’re Probably Right
- Jefferies software/Internet analyst to hold analyst/industry conference call
- Atlassian price target lowered to $240 from $265 at Mizuho
- Atlassian put volume heavy and directionally bearish
